Sec. 25.2522(c)-4 Disallowance of double deduction in the case of qualified terminable interest property.

No deduction is allowed under section 2522 for the transfer of an interest in property if a deduction is taken from the total amount of gifts with respect to that property by reason of section 2523(f). See section 25.2523(h)-1.

[T.D. 8522, 59 FR 9642-9664, Mar. 1, 1994.]